Security is a paramount concern for traders, and Lime Fx addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Clients may also use their Facebook or Google accounts to open an account. Since Lime Fx is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations.
Is Lime Fx A Regulated Broker?
MT4 mobile app can be accessed on the go on both Android and iOS devices and affords quick and easy access to the market. It’s very useful for opening, terminating, and adjusting open positions. Therefore, the app’s most important function is to allow traders to adjust their market exposure at all times. It facilitates technical analysis by providing an overview of price action behavior. Chartists use many analytical tools and chart configuration possibilities to examine it from multiple angles.
What types of orders can I place on a Forex trading platform?
I am personally satisfied with this limefx review brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.
Eightcap – Seamless Forex Trading Experience
- Lime Fx is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation.
- On the downside, Lime Fx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
- The raw spreads and zero commission policy make it cost-effective for this trading style.
- No, Lime Fx is a legit broker with regulatory oversight from the VFSC and the CySEC.
- Lime Fx is committed to providing its users with educational resources through webinars, trading guides, and market analysis.
- However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
- You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.
- The support team can be reached via telephone, email, live chat, online form, and social media.
- Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
- They can provide answers to all of your general, technical, and account-related inquiries.
- Opening an account with Lime Fx is a straightforward process designed to get traders started quickly.
- The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
- On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
Lime Fx offers reliable customer support to assist limefx forex broker traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes Lime Fx a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. Lime Fx offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.
Lime Fx Leverage
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. Please note that the information on our website is for informational purposes only. However, the broker will automatically close their losing positions relatively quickly thereafter, given that most other brokers set their stop-out levels at around 30%. The one-click trading option can be seen at the top-left corner of the image below. You can also see how to choose between market orders and pending orders. Its legal documents are accessible and written in an easy-to-understand way.
That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss. Lime Fx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers. MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface. In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously.
